Tech Meme

Biz Carson / Bloomberg: In a first, Larry Ellison passes Bill Gates to become the world’s fourth-richest person with a $129.8B net worth; ORCL has risen 42% in 2023 on the AI boom  —  The optimism around artificial intelligence boosted both Oracle Corp.’s stock — and founder Larry Ellison’s net worth — to record highs on Monday. Lees verder op Tech Meme

Allison Johnson / The Verge: Nothing plans to release the Nothing Phone 2 on July 11, offering a Snapdragon 8 Plus Gen 1 chip and bigger battery, widely available in the US  —  We knew that the Nothing Phone 2 would arrive next month, and now we have a precise date: July 11th, a day shy of the Phone 1’s first birthday. Lees verder op Tech Meme

Financial Times: A look at the global network of subsea internet cables, dominated by companies from France, the US, and Japan, as China circumvents US curbs to build its own  —  Nearly 1.4mn kilometres of metal-encased fibre criss-crosses the world’s oceans, speeding internet traffic seamlessly around the globe. Lees verder op Tech Meme

Krystal Hu / Reuters: Sources: SoftBank plans a new round of Vision Fund layoffs, impacting up to 30% of the staff at the unit; Vision Fund had 349 staff at the end of March 2023  —  SoftBank Group Corp (9984.T) is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said … Lees verder op Tech Meme

Max Read / New York Times: How Jimmy Donaldson, aka MrBeast, became a viral sensation for his absurd acts of altruism and pitching subscribing as an act of charity, sometimes literally  —  Jimmy Donaldson, a.k.a. MrBeast, has become a viral sensation for his absurd acts of altruism.  Why do so many people think he’s evil? Lees verder op Tech Meme

Mark Bergen / Bloomberg: PitchBook: the UK and Ireland accounted for ~28% of VC deals in Europe and Israel in Q1 2023, down from over 34% in 2018, while France and the Nordics rose  —  This year did not begin well for technology in the UK.  Venture financing evaporated.  Companies cut staff and tightened belts. Lees verder op Tech Meme

Annie Palmer / CNBC: Amazon tests generative AI product review summaries, giving an overview of what customers liked and disliked alongside an “AI-generated” disclaimer  —  – Amazon is testing the use of artificial intelligence to generate summaries of reviews left on some products. Lees verder op Tech Meme

Wall Street Journal: Sources: Netflix is in talks to livestream its first sporting event this fall, a celebrity golf tournament with professional golfers and Formula One drivers  —  Tournament to include celebrities from Formula One series ‘Drive to Survive’ and golf program ‘Full Swing’ Lees verder op Tech Meme

Financial Times: Saudi Arabia-backed Savvy Games Group has spent ~$8B of its $38B war chest acquiring and building stakes in gaming companies globally in the past 18 months  —  Savvy shells out $8bn on deals in 18 months in rapid push to diversify revenues and acquire soft power Lees verder op Tech Meme

Reuters: Jack Dorsey says India threatened to shut Twitter down unless the company complied with orders during farmer protests, a claim India calls an “outright lie”  —  Twitter was threatened with shut down in India, Nigeria and Turkey unless it complied with orders to restrict accounts … Lees verder op Tech Meme